Schlumberger

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About half of Williams Industrial Services’s sales were to markets outside of the North, chiefly Britain and the Republic

The collapse of a major engineering firm and a decision by one of the North’s largest inward investors to shut its plant is likely to deal Co Antrim a(...)

 C-Series wing in the Bombardier factory in Belfast: Davy Thompson, Unite regional co-ordinating officer, said the latest planned redundancies underline its concerns the Airbus deal with Bombardier has not delivered any long-term security. Photograph: Clodagh Kilcoyne

Bombardier is to axe a further 280 jobs at its Northern Ireland operations as union leaders warn the “threat” to its Belfast site has not disappeared (...)

Providence Resources has put out a request for pricing on a rig for its prospect at Barryroe, off the coast of Cork. Photograph: Finbarr O’Rourke

Shares in Providence Resources took a kicking on Monday after the Irish explorer run by Tony O’Reilly jnr revealed its Drombeg prospect off the southw(...)

The Dow Jones Industrial Average was down 23.31 points, or 0.11 per cent, in early trade on Friday. Photograph:  Bryan R Smith/AFP/Getty Images

The euro and stocks dipped on Friday ahead of the first round of the French presidential election. Far-right leader Marine Le Pen, who wants to ditch (...)

Providence's Celtic Sea interest

As Providence Resources investors stared into the abyss in April, when shares in the oil explorer were suspended as it struggled to pay a legal bill a(...)

General Electric said on Monday it would merge its oil and gas business with Baker Hughes, creating the world’s second-largest oilfield services prov(...)

Tony O’Reilly jnr: the Providence boss has a shares option that can only be activated if the share price reaches 45 cent, four times the current market rate. Photograph: Cyril Byrne/The Irish Times

*Providence boss Tony O’Reilly jnr has been offered a generous stock option package if he can revive the oil company’s ailing fortunes. Under a new m(...)

Dublin heavyweight CRH fell almost 0.9 per cent

UK and European stocks fell, bringing a halt to their longest advance in almost seven weeks. Poor performances by banks damaged markets across Europe(...)

The deal would have left Halliburton and its larger rival Schlumberger sharing more than 90 per cent of the market in some products. Photograph: Mira Oberman/AFP/Getty Images

Halliburton’s failed $28 billion bid for rival Baker Hughes, which was abandoned by the two companies on Sunday, faced insurmountable objections from (...)

Consumer spending, which accounts for more than two thirds of US economic activity, rose at a 2.4 per cent pace and not the 2 per cent rate reported last month

US economic growth slowed in the fourth quarter, but not as sharply as previously estimated, with fairly strong consumer spending offsetting the drag(...)

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